Gold's Next Move: Short-Term Price Action & Key Levels to Watch $GC=FGold has been on a rollercoaster ride, and traders are keenly watching its next move. Our latest analysis of Gold Futures (GC=F) points to some interesting short-term possibilities. Currently, the Moving Average Convergence Divergence (MACD) indicator is showing bearish momentum, with the MACD line having crossed below its signal line. This often suggests that selling pressure might be increasing in the near term.Based on this, gold prices could potentially test the support level around $2612.02 in the coming weeks. This level represents a significant area where buyers have previously stepped in, and it will be crucial to see if it holds. A break below this could signal further downside.However, it's important to remember that the Relative Strength Index (RSI) is currently neutral at 48.93. This means gold isn't in overtly overbought or oversold territory, suggesting that while there's bearish MACD pressure, the market isn't extremely one-sided. Traders should keep an eye on daily price action around this support. Any signs of a bounce or strong buying interest could invalidate the immediate bearish outlook.Stay tuned for more updates and remember to manage your risk! What are your thoughts on gold's short-term direction? Share in the comments below!#goldtrading #TechnicalAnalysis #Write2Earn #PreciousMetals #SupportAndResistance